Sherwin-Williams Company (The) (SHW) Stock Rating Upgraded by Credit Suisse Group

Credit Suisse Group upgraded shares of Sherwin-Williams Company (The) (NYSE:SHW) to a buy rating in a report issued on Sunday, July 23rd. Credit Suisse Group currently has $375.00 price objective on the specialty chemicals company’s stock.

Several other equities research analysts also recently commented on the stock. Zacks Investment Research raised shares of Sherwin-Williams Company (The) from a hold rating to a buy rating and set a $347.00 target price for the company in a research note on Tuesday, March 28th. Royal Bank Of Canada reaffirmed a buy rating and issued a $350.00 target price on shares of Sherwin-Williams Company (The) in a research report on Tuesday, March 28th. Citigroup Inc. reaffirmed a buy rating and issued a $410.00 target price on shares of Sherwin-Williams Company (The) in a research report on Friday, June 23rd. Jefferies Group LLC initiated coverage on shares of Sherwin-Williams Company (The) in a research report on Friday, May 26th. They issued a hold rating and a $364.00 target price for the company. Finally, Goldman Sachs Group, Inc. (The) initiated coverage on shares of Sherwin-Williams Company (The) in a research note on Thursday, June 8th. They issued a buy rating and a $403.00 price target for the company. Two analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of $360.10.

Shares of Sherwin-Williams Company (NYSE SHW) traded down 0.18% during trading on Friday, reaching $328.97. 553,832 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $344.62 and a 200-day moving average price of $329.62. The company has a market capitalization of $30.54 billion, a PE ratio of 27.12 and a beta of 1.23. Sherwin-Williams Company has a 52-week low of $239.48 and a 52-week high of $362.57.

Sherwin-Williams Company (The) (NYSE:SHW) last announced its quarterly earnings data on Thursday, July 20th. The specialty chemicals company reported $4.52 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $4.54 by $0.02. Sherwin-Williams Company (The) had a net margin of 9.14% and a return on equity of 63.81%. The business had revenue of $3.74 billion during the quarter, compared to analyst estimates of $3.83 billion. During the same quarter in the prior year, the company earned $4.06 earnings per share. The company’s quarterly revenue was up 16.0% on a year-over-year basis. On average, equities analysts forecast that Sherwin-Williams Company will post $15.00 earnings per share for the current year.

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The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Friday, August 18th will be issued a dividend of $0.85 per share. This represents a $3.40 annualized dividend and a yield of 1.03%. The ex-dividend date is Wednesday, August 16th. Sherwin-Williams Company (The)’s dividend payout ratio (DPR) is presently 28.05%.

Large investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in Sherwin-Williams Company (The) by 5.0% in the second quarter. Vanguard Group Inc. now owns 6,591,936 shares of the specialty chemicals company’s stock valued at $2,313,506,000 after buying an additional 315,903 shares during the period. BlackRock Inc. boosted its position in Sherwin-Williams Company (The) by 3.9% in the second quarter. BlackRock Inc. now owns 5,472,759 shares of the specialty chemicals company’s stock valued at $1,920,720,000 after buying an additional 204,766 shares during the period. Massachusetts Financial Services Co. MA boosted its position in Sherwin-Williams Company (The) by 3.3% in the first quarter. Massachusetts Financial Services Co. MA now owns 4,264,765 shares of the specialty chemicals company’s stock valued at $1,322,887,000 after buying an additional 136,991 shares during the period. FMR LLC boosted its position in shares of Sherwin-Williams Company (The) by 18.1% in the second quarter. FMR LLC now owns 4,054,902 shares of the specialty chemicals company’s stock worth $1,423,109,000 after buying an additional 621,190 shares during the last quarter. Finally, State Street Corp boosted its position in shares of Sherwin-Williams Company (The) by 1.0% in the first quarter. State Street Corp now owns 3,832,298 shares of the specialty chemicals company’s stock worth $1,188,731,000 after buying an additional 39,010 shares during the last quarter. 72.69% of the stock is currently owned by hedge funds and other institutional investors.

About Sherwin-Williams Company (The)

The Sherwin-Williams Company (Sherwin-Williams) is engaged in the development, manufacture, distribution and sale of paint, coatings and related products. The Company’s segments are Paint Stores Group, Consumer Group, Global Finishes Group, Latin America Coatings Group and Administrative. The Paint Stores Group markets and sells Sherwin-Williams branded architectural paint and coatings, protective and marine products, original equipment manufacturer (OEM) product finishes and related items.

Analyst Recommendations for Sherwin-Williams Company (The) (NYSE:SHW)

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